CLOO vs SCHD
NYLI Investment Grade CLO ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | CLOO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.06% | |
| AUM | - | $108.7B | |
| Dividend Yield | 0.99% | 3.13% | |
| Holdings | 121 | 104 | |
| YTD Return | +1.66% | +26.54% | |
| 1Y Return | - | +30.90% | |
| 3Y Return (annualized) | - | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | - | 13.6% | |
| Max Drawdown | -0.0% | -33.4% | |
| Fund Family | New York Life Investments | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | May 6, 2026 | Oct 20, 2011 |
CLOO vs SCHD Performance
NYLI Investment Grade CLO ETF (CLOO) is a ETF from New York Life Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Year to date, CLOO is up 1.66% versus a gain of 26.54% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.0% for CLOO and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
CLOO charges 0.25% per year while SCHD charges 0.06%. On a $10,000 position that is $25 vs $6 annually, a gap of $19 per year that compounds over a long holding period. On income, CLOO currently yields 0.99% against 3.13% for SCHD.
Holdings Overlap
CLOO and SCHD share 0 holdings out of 105 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CLOO or SCHD?
CLOO has an expense ratio of 0.25% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
What is the holdings overlap between CLOO and SCHD?
CLOO and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, CLOO or SCHD?
CLOO yields 0.99% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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